TIP550: Masterclass w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
00:00
The Circle of the Wagons Approach to Investing: Lessons from Warren Buffett
The new circle of the wagons approach to investing is an exciting way for the speaker to look at things./nBerkshire Hathaway has a few extraordinary businesses, many pretty good businesses, and a large number of mediocre or below average businesses./nIn 58 years, 12 decisions have created most of the great outcome for Berkshire, while most of the other decisions have been at best so-so./nOver 58 years, Warren Buffett has made well over 300 decisions, but only 12 stand out, giving him a 4% hit rate as an investor.
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